Sunday, November 29, 2015

Former Merck CEO and chairman Richard Clark to guide Philly Archdiocese foundation

Former Merck CEO and chairman Richard Clark to help lead charitable foundation created by Archdiocese of Philadelphia.

Former Merck CEO and chairman Richard Clark to guide Philly Archdiocese foundation


As colleague Harold Brubaker wrote in Tuesday's Inquirer, former Merck chief executive officer and chairman Richard Clark will help the Catholic Archdiocese of Philadelphia try to raise more cash by guiding what the church says is an independent charitable foundation. A link to the story is here.

The church's hope is that after scandals involving priests or church officials sexually abusing children or looking the other way, disaffected Catholics might reach for their wallets more often if the charitable foundation seemed a bit more independent. That gives birth to the Catholic Foundation of Greater Philadelphia.

Clark, who still lives in Bucks County, spent 39 years at Merck. He was CEO of the pharmaceutical giant from May 2005 through December 2010. He became chairman of the board of directors in 2007. Philly native Ken Frazier has since replaced Clark as CEO and chairman of the board.

The corporate highlight of Clark's time as CEO probably was the 2009 purchase of Schering-Plough for $41 billion. A link to the Merck biography of Clark, dated October 2011 is here.

Inquirer Staff Writer
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
About this blog
David Sell blogs about the region's pharmaceutical industry. Follow him on Facebook.

Portions of this blog may also be found in the Inquirer's Sunday Health Section.

Reach David at or 215-854-4506.

David Sell Inquirer Staff Writer
Also on
letter icon Newsletter